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Craftsman Automation Limited IPO Date, Price, Gmp, Details.

 

Craftsman Automation Limited IPO (Craftsman Automation IPO) 


There are many interesting IPOs which are scheduled to be launched in 2021. One such IPO is the Craftsman Automation Limited IP  that is going to launch on March 16, 2021. To Apply for the IPO's you should must have Demat Account. To open Demat Account Click on ZERODHA & UPSTOX. Craftsman ipo Review, Ipo Gmp. Know About all the Issue here.

On 13 March 2021:- GMP Rs              
        For Past trend ,See bottom of Page.

  Check Out Laxmi Organic Ipo Details  
             Click Here 

About the Craftsman Automation Company

The Company Craftsman Automation Ltd is a leading engineering organization that is engaged in manufacturing precision components. The Company Incorporated in 1986 as a small scale industry in the southern Indian city of Coimbatore, has grown to become a leader in precision manufacturing in diverse fields. The company designs, develop, and manufactures a range of engineering products. It is one of the leading players in the machining of cylinder blocks for the tractor segment. 

The business has 3 key segments namely Automotive, Powertrain and others, Aluminium Products for automotive segments, and Industrial and Engineering Products division that is engaged in manufacturing material handling equipment i.e. hoists, industrial gears, marine engines, crane kits, gearboxes, locomotive equipment, storage solutions, etc.

        Revenue Breakup
  • Automotive – Powertrain and Others Revenue  51%
  •  Automotive – Aluminum Products  Revenue  21%
  • Industrial and Engineering segments Revenue 28%

The company has  good customer base like In the Powertrain segment, the key customers include Daimler India, Tata Motors, Tata Cummins, Mahindra & Mahindra, Simpson & Co. Limited, TAFE Motors and Tractors, Escorts, Ashok Leyland, Perkins, Mitsubishi Heavy Industries, John Deere, and JCB India. In the Aluminum Products segment, the customers include  Daimler India, TVS Motors, Royal Enfield, Perkins, and Mahindra & Mahindra. In industrial and engineering segment, they have customers such as Siemens and Mitsubishi Heavy Industries.

The company owns 12 state-of-the-art manufacturing facilities across 7 cities of India

Promoters of Craftsman Automation Ltd. :-

Srinivasan Ravi

Promoter Holding :-
Pre Issue Share Holding63.40%
Post Issue Share Holding59.76%
Company Financials:-

Particulars

For the year/period ended                (₹ in millions)

31-Dec-20

31-Mar-20

31-Mar-19

31-Mar-18

Total Assets

22,462.93

23,031.36

23,253.98

19,994.34

Total Income

Total Expenses

10,299.08

9540.64

15,010.57

14378.78

18,316.43

16920.63

15,228.62

14795.64

Profit After Tax

506.60

410.73

973.67

315.34

EPS

25.18

20.41

48.39

15.67



Financial Ratios:-
PE Ratio - 73 based on Eps of FY2020
RONW - 6.19 based on FY2020
NAV   - 18.96 FY2020


Peers Of Craftsman Automation :-                    Industry PE  72.46                    
Bharat forge                     PE Ratio of 82.28
Endurance Technology      PE Ratio of 36.54
Jamna Auto Ind. ltd                 PE Ratio of 58.75
Minda Ind.                               PE Ratio of 93.38
Sundram Fastners            PE Ratio of 39.10
Mahindra CIE                   PE Ratio of 17.40
Ramkrishna Forgings        PE Ratio of 181.89
                                                                                    (as per DRHP)

 Strengths Of Craftsman Automation Ipo 
  • Leading engineering product manufacturer.
  • Strategically located Manufacturing Facilities and vertically integrated manufacturing facilities.
  • Strong product design capabilities.
  • Long-term and well-established relationships with marquee domestic and global OEMs.


 Weakness Of Craftsman Automation Ipo 
  • The company has an inconsistent financial performance over the last few years.
  • The company has a large long-term debt and tax liabilities.
  • It is also involved in certain legal proceedings amounting to Rs.21.24 crores.
  • Around 13% of its operating revenue is still trade receivables.


    •  Craftsman Automation IPO Details 

    IPO Opening Date

    Mar 15, 2021

    IPO Closing Date

    Mar 17, 2021

    Issue Type

    Book Built Issue IPO

    Face Value

    ₹5 per equity share

    IPO Price

    ₹1488 to ₹1490 per equity share

    Market Lot

    10 Shares

    Listing At

    BSE, NSE

    Issue Size

    ₹823.70 Cr

    Fresh Issue

    ₹150.00 Cr

    Offer for Sale

    ₹673.70 Cr

     Objectives Of Issue 

    • To make reapayment/pre-payment of company's borrowing fully or partially.
    • To meet general corporate purposes.

    Portion Offered :
    QIB (50%)  Rs 411.85 Crs
    NII (15%)  Rs 123.55 Crs
    RII (35%)  Rs 288.30 Crs


     IPO TimeLine 

    IPO Open Date

    Mar 15, 2021

    IPO Close Date

    Mar 17, 2021

    Basis of Allotment Date

    Mar 22, 2021

    Initiation of Refunds

    Mar 23, 2021

    Credit of Shares to Demat Account

    Mar 24, 2021

    IPO Listing Date

    Mar 25, 2021


    Ipo Registrar:-
    Link Intime India Private Ltd


    Grey Market Premium
    On 11 Mar 2021:- GMP Rs.
    On 10 Mar 2021:- GMP Rs. 
    On 9 Mar 2021:- GMP Rs. 
    On 8 Mar 2021:- GMP Rs. 

    Check Allotment Status Here
    Coming Soon


      Check Out Laxmi Organic Ipo Details  
                 Click Here 


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